Completion of Aeolus portfolio sale to Intrum Hellas DAC
PQH Single Special Liquidation S.A. (“PQH”), Special Liquidator for all credit and financial institutions under special liquidation in Greece, pursuant to the signing of the Sale and Purchase Agreement dated 19.12.2019, announces the completion of the Aeolus portfolio sale to Intrum Hellas DAC. The Aeolus portfolio with total balance of €2.4bn. comprises of unsecured retail and small business non-performing loans.
Mr. Xanthos Vrachas, PQH CEO commented: “The sale of Aeolus marks a significant milestone for PQH and is a clear seal of confidence in our work. Today’s success is the result of meticulous planning, diligent preparation and effective execution of the transaction, in line with international standards. We aim at capitalizing on today’s achievement and proceeding, with the same level of commitment and focus, to deliver on our future strategic goals, within the regulatory framework set out by the State and the Bank of Greece.”
Morgan Stanley & Co. International plc acted as financial advisor and PotamitisVekris as legal advisor to PQH.